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Dimensions of Parking


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Articles | How-To Guides

Articles

Maximizing a Parking Facility’s Valuation

Maximizing revenue, increasing occupancy and reducing expenses optimizes an income producing a property’s value, including parking facilities. Commercial property appraisers typically lead the value quantification process, and rely on the income approach when valuing these types of properties. Read more >>

Leadership Skills for the Parking Industry of Tomorrow

For parking infrastructure owners and operators, business has been a stable, essential—and sometimes underappreciated— part of the transportation network. Today, however, the world is shifting. Apps make valet parking available anytime and anywhere (in a few large cities so far). As younger generations opt for connectivity over driving, they push the growth of transit and ride-sharing. Read more >>

Optimizing Yield In Parking: How Parking Can Learn From Airline Industry Strategies

Yield management is a pricing strategy, based on understanding, predicting and shaping consumer behavior in order to maximize revenue from fixed, perishable resources (such as parking spaces and airline seats). Yield management involves strategic control of inventory: selling to the right customer, at the right time, for the right price. Read more >>

The Decision to Outsource Operations: Seven Key Factors

The decision of an owner to self-operate or contract its operations is usually based upon one or more of these seven factors: Read more >>

3 Parking Rules to Live By

Despite the technological, social and real estate trends that impact the parking industry daily, there are basic rules to follow that will increase your operation’s success. Read more >>

Payment Trends that Attract Customers and Build Loyalty

Today’s consumers expect seamless customer service and a wide range of payment options from merchants, and parking providers are no exception. The increased competition for customers compels operators to interact with them on their terms — via mobile phone, tablet, PC and in person. Read more >>

New to Parking: Parking Operator Primer

How to prepare yourself for parking success. It takes knowledge and know how. That can come from professional development courses, a mentor, experts or the school of hard knocks. Don’t reinvent the wheel. Here are 7 ways to prepare for parking career success in an operations and bottom line driven industry. Read more >>

Key Questions to Ask BEFORE You Submit an RFP for a Parking Leasing Contract

Leasing contracts have specific features that can impact your profitability and ability to service the contract. This article looks at key questions every parking operator should ask in order to prepare a bid submission that clearly outlines obligations on both sides of the contract. Read more >>

Key Questions to Ask BEFORE You Submit an RFP for a Parking Management Contract

Management contracts can be structured in different ways to meet performance requirements of clients and the operating structure of your enterprise. Information you gain to prepare the RFP ultimately impacts profitability based on your services provided. This article looks at key questions every parking operator should ask in order to prepare a bid submission that clearly outlines obligations on both sides of the contract. Read more >>

How-To Guides

A Model for Big Growth: Eight Steps to Growing Your Parking Business

Starting a small business is an act of faith. Running it is a test of perseverance. But building it into a big business is an achievement of will. As in the economy at large, the parking industry landscape is dominated by a few self-made entrepreneurs who made it big. Read more >>

Steps for Managing Credit Card Processing Costs

Making smart choices to grow your knowledge and reduce processing fees. Read more >>

Valuing Valet Operations as An Amenity and a Necessity

Valet is no longer just a luxury amenity, but a necessity. Determining the value of valet, however, can be challenging, depending on many factors, including location and traffic flow. Read more >>

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Calendar

10/25/2017
Parking Diversity Network

10/26/2017
Public Peer Network Call

10/26/2017
Valet Operators Peer Network Call

10/27/2017
CPP Peer Network Call

11/9/2017
Young Leaders Network